The Relative Strength (RS) Rating for Etsy entered a new percentile Friday, with an increase from 80 to 83.
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This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.
Etsy is working on a with a 70.57 entry. See if it can break out in volume at least 40% above average.
While earnings-per-share growth dropped in the prior quarter from 0% to -39%, the top line grew 4%, up from 1% in the prior report.
Etsy holds the No. 34 rank among its peers in the Retail-Internet industry group. DoorDash, Sea ADR and MercadoLibre are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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